h. Tips received by Matt, a bartender, from patrons. (Matt is paid a regular salary by the cocktail lounge that employs him). This is an inclusion to gross income. i. Sherri sells her Super Bowl tickets for three times what she paid for them. This is an inclusion to gross income. j. Jefferson receives a new BMW from his grandmother when he passes the CPA exam.
29. Compute Emily’s 2014 taxable income on the basis of the following information. Her filing status is single.